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Shin Hwa World (HKSE:00582) EBIT : HK$-312 Mil (TTM As of Jun. 2024)


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What is Shin Hwa World EBIT?

Shin Hwa World's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$-180 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$-312 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shin Hwa World's annualized ROC % for the quarter that ended in Jun. 2024 was -4.14%. Shin Hwa World's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -4.96%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Shin Hwa World's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -21.71%.


Shin Hwa World EBIT Historical Data

The historical data trend for Shin Hwa World's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Shin Hwa World EBIT Chart

Shin Hwa World Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1,918.13 -1,953.44 -897.02 -132.87 -410.88

Shin Hwa World Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -25.63 -107.24 -278.65 -132.23 -180.01

Competitive Comparison of Shin Hwa World's EBIT

For the Resorts & Casinos subindustry, Shin Hwa World's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Shin Hwa World's EV-to-EBIT Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Shin Hwa World's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Shin Hwa World's EV-to-EBIT falls into.



Shin Hwa World EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-312 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Shin Hwa World  (HKSE:00582) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Shin Hwa World's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=-366.422 * ( 1 - -0.01% )/( (8624.095 + 9089.998)/ 2 )
=-366.4586422/8857.0465
=-4.14 %

where

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=9201.068 - 310.93 - ( 266.043 - max(0, 312.553 - 842.086+266.043))
=8624.095

Invested Capital(Q: Jun. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=8474.604 - 294.882 - ( 206.576 - max(0, 1655.515 - 745.239+206.576))
=9089.998

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Shin Hwa World's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-360.014/( ( (7280.889 + max(265.113, 0)) + (6716.405 + max(243.781, 0)) )/ 2 )
=-360.014/( ( 7546.002 + 6960.186 )/ 2 )
=-360.014/7253.094
=-4.96 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(68.757 + 507.228 + 0.057999999999993) - (310.93 + 0 + 0)
=265.113

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(89.033 + 449.613 + 0.017000000000053) - (294.882 + 0 + 0)
=243.781

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Shin Hwa World's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=-312.235/1438.113
=-21.71 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Shin Hwa World EBIT Related Terms

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Shin Hwa World Business Description

Traded in Other Exchanges
N/A
Address
Nos. 168-200 Connaught Road Central, Units 1412-1413, 14th Floor, China Merchants Tower, Shun Tak Centre, Hong Kong, HKG
Shin Hwa World Ltd is an investment holding company. The company's operating segment includes Integrated Resort Development, Gaming Business, and Property Development. It generates maximum revenue from the Integrated Resort Development segment, which develops and operates integrated leisure and entertainment resorts. Geographically, it derives revenue from South Korea.
Executives
Resplendence Investment Development Limited 2101 Beneficial owner
Zhang Tingting 2201 Interest of corporation controlled by you
Lam Pauline 2101 Beneficial owner
Wealth Millennium Limited 2101 Beneficial owner
Xu Ning 2202 Interest of your spouse
Yang Zhihui 2201 Interest of corporation controlled by you
Lan Ding Guo Ji You Xian Gong Si 2101 Beneficial owner
Tinmark Development Limited
Yao Jianhui

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